Question: will be used exactly ONE time. ] Simple to form; Single taxation; Total control of and authority over how business is run Unlimited liability personally
will be used exactly ONE time.
Simple to form; Single taxation; Total control of and authority over how business is run
Unlimited liability personally
Fairly easy to form; Each could have a say in how business is run; Single taxation Choose
Liable for each other's actions & each can bind the company
Liability limited to what invested in the company
Costly to form; Costly to run; Double taxation
Liability limited to what invested in the company; Single taxation
Can be costly to form; Can be complicated to manage
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